Market Analysis Report

20 June 2018

At the time of writing, the Bitcoin price is sitting at $6,630 representing a loss of 1.17% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 14.9% share of the global daily volume. The BTC/JPY pair represents a 61.5% share.

The Ethereum price has risen 0.89% over the past 24 hours and is currently sitting at $523, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 24.1% market share of the daily trading volume.

Today, South Korean cryptocurrency exchange Bithumb has suspended deposits and withdrawals after losing around $31.5 million worth of cryptocurrencies as the result of an apparent hack that took place between late Tuesday night and early Wednesday morning. The company stated:

"We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet."

According to a local Chinese media, a group of cybercriminals in China had conspired with computer maintenance companies in the country, to infect computers belonging to internet cafes with malware used to mine Siacoin. Reportedly, the scheme has generated approximately $800,000 worth of Siacoin. At the moment, investigations on the matter are still ongoing and more than 100 computer maintenance companies are suspected of being involved in the scheme.

According to TechCrunch, BitTorrent is being sold for a $140 million in cash to Justin Sun, founder of the cryptocurrency startup Tron. However, both parties haven't publicly announced the acquisition and the use of the company's platform is still unknown.

ICST, the Individual Content & Skill Sharing Token, Will Launch Public Sale on June 21st

With community empowerment at the heart of its business model, ICST is opening the doors to its public sale from 21-27 June. To date, the company has raised over 25,000 ETH from private investors including ChainPE & ChainVC, and secured partnerships with industry giants including Uplive, The Voice & American Idol. Tokens will be usable from as early as Q3 2018, with video sharing app StarMaker kicking off the platform integration with 60 million users at launch.

Built on the Ethereum Blockchain, ICST offers entertainers, gamers and skill sharers an unprecedented degree of transparency, ownership, and security over their content. For years, middlemen in the entertainment industry have robbed content creators of both the revenue and sales data that helps them determine the popularity of their material. ICST gives power back to the people – both creators and customers – with its rewards-based platform for content & skill sharing.

The ad-free, fee-free and direct to customer protocol can be integrated by any compatible app or website.

For more details on the public sale and white paper head to www.icst.io.

Horyou "Blockchain with a Purpose": A Token for Inclusion and Sustainability

Promoting a traceable decentralized philanthropy, Horyou, the social network for social good, is introducing its HoryouToken, built on the concept of “Blockchain with a purpose”.

Horyou strongly believes in the power of technological advancements to support decentralization of philanthropy and to promote social good.

Launched in December 2013, Horyou social network currently gathers more than 250,000 users and 1,500 organizations from more than 180 countries.

HoryouToken provides access to a traceable and intelligent philanthropic redistribution service called Proof of Impact.

HoryouToken can be used:

As a mode of transaction inside and outside the Horyou platform, as well as a Fintech payment solution intended to support philanthropy, through proof of impact

To buy or sell products, as well as to subscribe to services and soft commodities that enhance social good within the future Horyou marketplace

“What Horyou platform is trying to do, is to get (those) people talk to each other and to connect them to funders, I can think of nothing better” (Eric Schmidt, former Executive Chairman of Google)

Horyou team is driven by one purpose: to make the world a better place.Be the Change, Be Horyou! Join us: https://tge.horyoutoken.io

We are based in London UK and our team is working round the clock to keep this service up and running.
If you wish to contact us just drop us an email to info@cryptocompare.com, reply to this email or chat with one of our team on the discussion board.